Communication: Financial information on the European Development Fund [2016]

In accordance with Article 7(3) of the 11th EDF Internal Agreement and Article 21(2) of Council Regulation (EU) 2015/323 on the financial regulation applicable to the 11th European Development Fund, the Commission presents in this document estimates of commitments, payments and contributions for the period 2016 and 2017, taking into account the forecasts of the European Investment Bank (EIB). This document sets out the financial implementation of the EDFs (8th to 11th) for 2015 and the forecasts of implementation for 2016 and 2017.

Member States contribute funds directly to the EIB for the instruments which it manages under the 9th, 10th, and 11th EDFs (the Investment Facility and interest-rate subsidies). The Commission and the EIB have updated their commitment and payment forecasts for 2016 and 2017 for each of the ACP countries and the OCTs. The payment forecasts in particular have been compiled with the aim of helping Member States to assess as accurately as possible the amounts they need to earmark in their national budgets while ensuring that sufficient financial resources are available for the EDF to avoid liquidity problems.

See also:
- Proposal for a Council Decision on the financial contributions to be paid by Member States to finance the European Development Fund, including the second instalment for 2016